ACCT 7304 - Accounting for Managerial Decision-Making

Three credit hours.

Course Description: This course provides an overview of financial and managerial accounting as well as an introduction to tax planning. The emphasis will be on how various events and transactions in the life cycle of a business affect the basic accounting equation so that the manager can identify the important accounting issues. The course will look at choice of entity, accrual accounting issues, financial statement analysis and differences between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). In regard to tax planning, this course is intended to fill the gap between a manager well-trained in finance but unfamiliar with taxes and the tax experts on which the manager will rely. This course will examine the structure of tax codes (state and federal) and how taxes influence the finance decisions the manager will be expected to make (e.g. investments, choice of entity, capital structure, like-kind exchanges, mergers and acquisitions, timing of transactions, etc.).

Prerequisites: Principles of Accounting I and II (ACCT 2310 and 2330) or ACCT 7100 and passing score on accounting assessment.